BusinessInside Nigeria
Dangote Refinery Slashes PMS Price by N65
...Makes Nigerians smile at Ramadan
The Dangote Petroleum Refinery, on Wednesday, gave Nigerians to share again as it slashed the ex-depot (gantry) price of Premium Motor Spirit, PMS (petrol), by N65.00.
Consequently, the price will drop from N890 to N825 per litre, with effect from today, Thursday, February 27, 2025.
A statement by the refinery stated the price adjustment is designed to provide essential relief to Nigerians ahead of the Ramadan season.
“Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit (PMS), commonly referred to as petrol, by N65.00, from N890 to N825 per litre, effective from 27th February 2025,” the statement said.
“This strategic price adjustment is designed to provide essential relief to Nigerians in anticipation of the upcoming Ramadan season, while also supporting President Bola Ahmed Tinubu’s economic recovery policy by alleviating the financial burden on the Nigerian populace.
“It is important to note that Dangote Petroleum Refinery has consistently lowered the prices of petrol and other refined petroleum products to the benefit of Nigerians. This marks the second price reduction of PMS in February 2025, following a previous decrease of N60.00 earlier in the month.”
With the latest price reduction, the Refinery further stated, Nigerians will be able to purchase Dangote petrol at the following prices in all partner retail outlets:
“For MRS Holdings stations, it will sell for N860 per litre in Lagos, N870 per litre in the South-West, N880 per litre in the North, and N890 per litre in the South-South and South-East, respectively.”
The Crest recalls that the current reduction is the second in February 2025, following a previous N60.00 decrease earlier in the month.
